Beginning in the 1980’s, Nortex embarked on a business plan focusing on the acquisition of non-operating working interests, royalties and overriding royalties. The emphasis was on gas production and a bias towards large acreage positions for future development. These parameters have allowed Nortex to continue to grow its oil and gas asset base through development of its currently held-by-production acreage.
Management continues to successfully oversee Nortex’s Leasehold and mineral interests and is readily pursuing drilling partnerships or leasing opportunities with industry partners to enhance our legacy assets.
Nortex’s current oil and gas holdings consist of interests in over 2,000 domestic producing properties,primarily located in Texas, New Mexico, Oklahoma, Louisiana, California, Ohio and the Rocky Mountain Region. Nortex has exposure in 688,000 gross (45,400 net) acres. Nortex’s reserves mix is 40% oil and 60% gas with net daily production of 19 MMCFD and 650 BOPD.
Nortex Corporation is a privately-held exploration and production company located in Houston, Texas.